Tesla (TSLA) reported a wider than expected loss Wednesday after the bell, the biggest in the companys history. Teslas net loss for the quarter amounted to roughly $718 million, a considerable $4.22 cents a share.

Every day, Wall Street analysts upgrade some stocks, downgrade others, and "initiate coverage" on a few more. But do these analysts even know what they're talking about? Today, we're taking one high-profile Wall Street pick and putting it under the microscope...

Pandora Media (NYSE:P) stoc

Top Penny Stocks To Invest In 2019

The battle for some of Russia’s richest gold mines has an unusual cast of characters: the scion of one of Europe’s great banking families, a Kazakh tycoon with his own cryptocurrency, hedge fund D.E. Shaw, and mystery shareholders.

They’re all part of a new fight for control over Petropavlovsk Plc, a London-listed miner. For the second time in a year, the company is in the middle of a shareholder coup to throw out the board and revive its fortunes.

A decade ago, Petropavlovsk was worth $3 billion and was mentioned as a future member of the benchmark FTSE 100 Index, but sinking gold prices and management missteps reduced it to a penny stock. The company, started by Pavel Maslovskiy and banking heir Peter Hambro, still owns profitable mines and a new plant that’s about to start operating.

BioDelivery Sciences International, Inc. (NASDAQ: BDSI) shares were also up, gaining 19 percent to $2.3272 after the company announced board restructuring plan and $50m equity financing deal led by Broadfin to "significantly strengthen" financial position.

[By Stephan Byrd]

Media headlines about BioDelivery Sciences International (NASDAQ:BDSI) have been trending somewhat positive recently, according to Accern Sentiment. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. BioDelivery Sciences International earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned media headlines about the specialty pharmaceutical company an impact score of 46.960149735727 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

[By Logan Wallace]

BioDelivery Sciences International (NASDAQ:BDSI) had its target price reduced by research analysts at HC Wainwright from $4.00 to $3.50 in a research report issued to clients and investors on Wednesday. The brokerage currently has a “buy” rating on the specialty pharmaceutical company’s stock. HC Wainwright’s price objective points to a potential upside of 40.00% from the company’s current price.

Top Penny Stocks To Invest In 2019: Luna Innovations Incorporated(LUNA)

Advisors’ Opinion:

[By Logan Wallace]

Get a free copy of the Zacks research report on Luna Innovations (LUNA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

[By Logan Wallace]

PRA Health Sciences (NASDAQ: PRAH) and Luna Innovations (NASDAQ:LUNA) are both medical companies, but which is the better business? We will compare the two businesses based on the strength of their dividends, valuation, analyst recommendations, institutional ownership, profitability, risk and earnings.

[By Ethan Ryder]

Luna Innovations (NASDAQ:LUNA) major shareholder Clinic Carilion sold 6,100 shares of Luna Innovations stock in a transaction on Friday, May 25th. The shares were sold at an average price of $3.41, for a total transaction of $20,801.00. Following the completion of the sale, the insider now owns 2,054,385 shares of the company’s stock, valued at approximately $7,005,452.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Aimia (TSE:AIM) has earned an average rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is C$2.67.

Shares of Sanderson Farms, Inc. (NASDAQ:SAFM) have been given a consensus recommendation of “Hold” by the thirteen research firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $111.75.

[By Logan Wallace]

ValuEngine cut shares of Sanderson Farms (NASDAQ:SAFM) from a strong-buy rating to a buy rating in a research report released on Wednesday morning.

[By Lisa Levin]

Breaking news

Best Buy Co., Inc. (NYSE: BBY) reported better-than-expected earnings for its first quarter.
Sanderson Farms, Inc. (NASDAQ: SAFM) reported weaker-than-expected results for its second quarter.
Medtronic plc (NYSE: MDT) reported upbeat earnings for its fourth quarter on Thursday.
Williams-Sonoma, Inc. (NYSE: WSM) reported stronger-than-expected results for its first quarter. The company also raised its FY18 earnings and sales guidance.

[By Lisa Levin] Companies Reporting Before The Bell
Best Buy Co., Inc. (NYSE: BBY) is projected to report quarterly earnings at $0.74 per share on revenue of $8.73 billion.
McKesson Corporation (NYSE: MCK) is expected to report quarterly earnings at $3.56 per share on revenue of $51.25 billion.
Medtronic plc (NYSE: MDT) is estimated to report quarterly earnings at $1.39 per share on revenue of $8.00 billion.
Hormel Foods Corporation (NYSE: HRL) is projected to report quarterly earnings at $0.45 per share on revenue of $2.39 billion.
Brady Corporation (NYSE: BRC) is expected to report quarterly earnings at $0.49 per share on revenue of $291.47 million.
Sanderson Farms, Inc. (NASDAQ: SAFM) is projected to report quarterly earnings at $2.2 per share on revenue of $841.75 million.
The Toronto-Dominion Bank (NYSE: TD) is estimated to report quarterly earnings at $1.16 per share on revenue of $6.86 billion.
Royal Bank of Canada (NYSE: RY) is expected to report quarterly earnings at $1.61 per share on revenue of $8.05 billion.
58.com Inc. (NYSE: WUBA) is projected to report quarterly earnings at $0.21 per share on revenue of $372.49 million.
Luxoft Holding, Inc. (NYSE: LXFT) is estimated to report quarterly earnings at $0.59 per share on revenue of $228.53 million.
The Toro Company (NYSE: TTC) is expected to report quarterly earnings at $1.21 per share on revenue of $916.73 million.
StealthGas Inc. (NASDAQ: GASS) is projected to report quarterly earnings at $0.06 per share on revenue of $37.75 million.
Stage Stores, Inc. (NYSE: SSI) is estimated to report earnings for its first quarter.
Thermon Group Holdings, Inc. (NYSE: THR) is projected to report quarterly earnings at $0.2 per share on revenue of $96.24 million.
Tuniu Corporation (NASDAQ: TOUR) is estimated to report quarterly loss at $0.03 per share on revenue of $76.72 million.

Federated Investors Inc. PA cut its position in Sanderson Farms, Inc. (NASDAQ:SAFM) by 71.5% in the first quarter, HoldingsChannel reports. The firm owned 20,286 shares of the company’s stock after selling 51,010 shares during the quarter. Federated Investors Inc. PA’s holdings in Sanderson Farms were worth $2,415,000 at the end of the most recent reporting period.

Tesla (TSLA) reported a wider than expected loss Wednesday after the bell, the biggest in the companys history. Teslas net loss for the quarter amounted to roughly $718 million, a considerable $4.22 cents a share.

The peso’s retreat in the past few days hasn’t been marked by the kind of liquidity shortage that would dictate additional intervention beyond what’s already happening, according to Mexico’s central bank governor.